Q2 Earnings Forecast for PCOR Issued By DA Davidson

Procore Technologies, Inc. (NYSE:PCOR - Free Report) - Equities research analysts at DA Davidson issued their Q2 2025 EPS estimates for shares of Procore Technologies in a research note issued on Tuesday, May 13th. DA Davidson analyst W. Jellison expects that the company will earn ($0.08) per share for the quarter. DA Davidson currently has a "Hold" rating on the stock. The consensus estimate for Procore Technologies' current full-year earnings is ($0.15) per share. DA Davidson also issued estimates for Procore Technologies' FY2025 earnings at ($0.17) EPS and FY2026 earnings at $0.06 EPS.

Other analysts also recently issued reports about the stock. Piper Sandler lowered their price objective on shares of Procore Technologies from $110.00 to $75.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. UBS Group decreased their price target on Procore Technologies from $110.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus dropped their price objective on Procore Technologies from $93.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. BMO Capital Markets cut their price objective on Procore Technologies from $95.00 to $75.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, Jefferies Financial Group lowered their target price on shares of Procore Technologies from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Procore Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $80.24.

Procore Technologies Stock Down 0.8%

Shares of PCOR stock traded down $0.57 during trading hours on Thursday, hitting $69.37. 577,962 shares of the company were exchanged, compared to its average volume of 1,413,429. Procore Technologies has a 52 week low of $49.46 and a 52 week high of $88.92. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $64.92 and a two-hundred day moving average of $72.75. The company has a market capitalization of $10.35 billion, a PE ratio of -96.32 and a beta of 0.90.

Procore Technologies (NYSE:PCOR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.06. The business had revenue of $310.63 million for the quarter, compared to analyst estimates of $302.66 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. Procore Technologies's revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 earnings per share.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Procore Technologies by 17.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 350,746 shares of the company's stock valued at $23,156,000 after purchasing an additional 52,507 shares in the last quarter. Fred Alger Management LLC increased its holdings in Procore Technologies by 15.4% in the 1st quarter. Fred Alger Management LLC now owns 38,349 shares of the company's stock worth $2,532,000 after acquiring an additional 5,129 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Procore Technologies by 5.2% in the first quarter. Goldman Sachs Group Inc. now owns 732,988 shares of the company's stock worth $48,392,000 after purchasing an additional 36,426 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Procore Technologies by 1,094,430.0% during the first quarter. Jones Financial Companies Lllp now owns 109,453 shares of the company's stock valued at $7,226,000 after acquiring an additional 109,443 shares during the period. Finally, Route One Investment Company L.P. lifted its holdings in Procore Technologies by 64.8% in the 1st quarter. Route One Investment Company L.P. now owns 918,205 shares of the company's stock worth $60,620,000 after purchasing an additional 361,155 shares in the last quarter. Institutional investors own 81.10% of the company's stock.

Insider Transactions at Procore Technologies

In related news, CRO Lawrence Joseph Stack sold 1,000 shares of Procore Technologies stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $65.60, for a total transaction of $65,600.00. Following the sale, the executive now directly owns 217,868 shares in the company, valued at $14,292,140.80. The trade was a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Howard Fu sold 8,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $87.00, for a total transaction of $696,000.00. Following the sale, the chief financial officer now directly owns 156,188 shares in the company, valued at $13,588,356. The trade was a 4.87% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,834 shares of company stock worth $5,181,472. 29.00% of the stock is currently owned by insiders.

About Procore Technologies

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects.